Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Finance & Capital Markets
C&W sources $115 million loan for LEG industrial development in Rutherford

A global investment manager is providing a $115 million construction loan for Lincoln Equities Group’s recently announced, 360,000-square-foot industrial project in Rutherford.

Industrial
BRC inks $5.7 million sale of Somerset industrial building

A maker of fashion accessories has sold a Somerset County industrial building for nearly $5.7 million, under a deal arranged by Bussel Realty Corp.

Industrial
JLL inks $14 million sale of Long Island light industrial asset

A nearly 100,000-square-foot light industrial property on Long Island has changed hands for $13.75 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
LEG touts lease with Amazon for 360,000 sq. ft. Meadowlands distribution center project

Lincoln Equities Group has attracted Amazon to a planned industrial complex in the Meadowlands, inking a 360,000-square-foot lease with the e-commerce giant.

Industrial
Somerset office building, primed for industrial redevelopment, hits the market for sale

A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.

Finance & Capital Markets
Black Creek lands $40 million loan for new Florence distribution center, C&W says

The developer of more than 500,000 square feet of new industrial space in Florence has secured a nearly $40 million construction loan, brokers with Cushman & Wakefield announced.

Industrial
Developers ink 481,000 sq. ft. lease, landing first tenant at new Linden industrial park

A logistics firm has leased more than 480,000 square feet of industrial space in Linden, filling one of two newly completed buildings at a planned 4.1 million-square-foot development.

Residential & Mixed Use
Bedrin, March Associates break ground on Hawthorne project with apartments, self-storage

A joint venture has broken ground on a long-awaited project that will bring new apartments, a self-storage facility and a national fitness chain to the Passaic County borough of Hawthorne.

Industrial
Duke Realty adds assistant vice president of acquisitions in New Jersey

Duke Realty Corp. has made another addition to its New Jersey team with the hiring of an assistant vice president of acquisitions.

Industrial
JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.